The following article has been adapted (with slight modifications) from Register of African Mining, 2006 Issue.
ADOLA-LEGADEMBI
  Location: South of Addis Ababa
  Ownership: MIDROC GOLD MINE PLC 100%
Management Office: Arega Yirdaw, Chief Executive Officer, MIDROC Gold Mine PLC, P. O. Box 2318, Addis Ababa Ethiopia. Phone: (251 11) 372 8227, Fax: (251 11) 372 8227.
  Geology: In the Adola greenstone belt
  Comment: MIDROC Gold acquired the PLs in 2004 and converted them to ELs in 2005. Adola-Legadembi license area covers 441 km2, adjacent to the existing 46 km2 exploration that MIDROC already held. The project had two advanced brown field targets, to be further advanced to scoping and pre-feasibility status in 2006.
LEGADEMBI
  Location: 500 km South of Addis Ababa
  Ownership: GOVERNMENT OF ETHIOPIA 2%; MIDROC GOLD MINE PLC 98%
Management Office: Arega Yirdaw, Chief Executive Officer, MIDROC Gold Mine PLC, P. O. Box 2318, Addis Ababa Ethiopia. Phone: (251 11) 372 8227, Fax: (251 11) 372 8227.
  Geology: In the Adola greenstone belt, the mine is on the ore-body which is about 1,200m long and 50m wide and proven a depth of 250m. There is extensive artisanal mining in the Adola region around the mine. The mineralization occurs in a N-S trending steeply west dipping quartz vein system that follows the structural contact between feldspathic gneisses and the volcano-sedimentary sequence of the Megado belt. Mineralization and intense quartz veining is belt developed in graphite-rich sedimentary units within 80m of this tectonic contact.
  Resources/
Reserves:
MIDROC Gold acquired the PLs in 2004 and converted them to ELs in 2005. Adola-Legadembi license area covers 441 km2, adjacent to the existing 46 km2 exploration that MIDROC already held. The project had two advanced brown field targets, to be further advanced to scoping and pre-feasibility status in 2006.
  Operation: Open Cut
  Treatment: CIP
  Plant Capacity: 1.5 mtpa
  Production History:  
 
PERIOD TO
AMOUNT
COMMENT
 
31/12/2003
3,448 kg
Gold from 1,569Mt processed ore at 2.31 g/t
 
31/12/2004
3,606 kg
Gold from 1,659Mt processed ore at 2.34 g/t
 
31/12/2005
3,031 kg
Gold from 1,591Mt processed ore at 2.04 g/t
 
  Comment: Comment: Legadembi was the largest gold producer in Ethiopia. The mine began operations in 1991. In March 1998 MIDROC Gold purchased the 8.5 km2 ML and 80 km2 EL area from the Ethiopian Government through the country's privatization program. Major upgrading was completed by August 1998 and production began that month. In its first year, production was about 90,000 oz gold. MIDROC Gold invested heavily in the mine to enhance its mining capacity. Since acquisition, MIDROC optimized the open pit, increasing ore reserves by 62% and gold by 37%. The company installed an additional crushing circuit with the latest technology, doubling the ore processing capacity. MIDROC also introduced a bulk emulsion plant and a new tailing dam design. Underground development of Legadembi deeper ore resources was in progress in 2005 and 2006. Ore mining was scheduled to start in 2007.
 
METEKEL
  Location: North-West Ethiopia
  Ownership: MIDROC GOLD MINE PLC 100%
Management Office: Arega Yirdaw, Chief Executive Officer, MIDROC Gold Mine PLC, P. O. Box 2318, Addis Ababa Ethiopia. Phone: (251 11) 372 8227, Fax: (251 11) 372 8227.
  Comment: MIDROC Gold acquired the PLs for the Metekel exploration project in 2004 and converted them to ELs in 2005. The Metekel exploration project covered about 1,964 km2 in the Metekel Zone of the Benishangul Gumuz state. MIDROC identified various gold targets on the project, three of which were to be drill-tested in 2006.
 
 
CEO-MGOLD-WP1-2006
All Rights Reserved ©
Designed by CEO's Office, MIDROC Ethiopia